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Forecasted demand for industrial hydrogen in Europe from 2020 to 2050, by sector (in terawatt hours)

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Sources

Release date

February 2021

Region

Europe

Survey time period

2021

Supplementary notes

Forecast assumes moderate economic growth in all sectors and adherence to net zero targets.

Citation formats

Industrial hydrogen demand in Europe by sector 2020-2050

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 17, 2021

Steel production is forecasted to become the greatest consumer of industrial hydrogen in Europe by 2040. Hydrogen could become a key player in decarbonizing the emission-intensive steel sector. Currently, around ** million tons of carbon dioxide are emitted during the production process, largely due to the use of coking coal in conjunction with iron ore. Using hydrogen instead of coke could help the sector to significantly reduce its carbon footprint. Assuming moderate economic growth across all sectors and adherence to governmental net zero targets, hydrogen demand within the steel sector could grow to *** terawatt hours by 2050.

Currently, most hydrogen produced worldwide is consumed within refineries

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